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6)
So,
Expected value = 9 * 0.1 + 11 * 0.06 + 4 * 0.14 + 15 * 0.06 + 18 * 0.64
Thus,
EV = 14.540
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QUESTION 12 . 1 POINT Which of the following tables shows a valid probability density function? Select all correct answers. Select all that apply: X P(X = x) 0 0.37 1 0.06 2 0.01 3 0.56 P(X = x O x P(X = x) 0 3 8 3 8 2 4 x P(X = x) 0 niin 1 2 3 10 3 10 3 10 3 P(X = x) 0 100 1 Next • Previous Mac 11/11 x P(X =...
1. Robin enjoys poetry, up to a point; Friday is no fan of poetry at all. They live together and every night, they read poetry together. Robin's utility function is u(p, t) = 64p-p-t, where p is Robin's poetry consumption (minutes per night, p?o); Friday's utility is v(p, t)=t-3p², where p is Friday's poetry consumption (minutes per night). Remember, they always read poetry together. Lett represent a payment ($/minute) from Robin to Friday, so that negative values fort represent payments...
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